See Which Of The Latest 13F Filers Holds IJR

At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2021 reporting period, and noticed that iShares Trust – Core S&P Small-Cap ETF (Symbol: IJR) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in IJR positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000’s)
ONE Advisory Partners LLC Existing +415 +$331
Cedar Mountain Advisors LLC Existing +3,355 +$1,484
Virtue Capital Management LLC NEW +2,448 +$280
Advanced Asset Management Advisors Inc Existing UNCH +$31
Amarillo National Bank Existing 1,588 $162
Ipswich Investment Management Co. Inc. Existing UNCH +$15
Brand Asset Management Group Inc. Existing +3 +$14
IFG Advisors LLC Existing +3,588 +$918
MKD Wealth Coaches LLC Existing 296 +$573
TMD Wealth Management LLC Existing +4,861 +$911
Vision Capital Management Inc. Existing +8,457 +$2,472
Members Trust Co Existing +59,495 +$12,200
Aggregate Change: +80,738 +$19,067

In terms of shares owned, we count 7 of the above funds having increased existing IJR positions from 09/30/2021 to 12/31/2021, with 2 having decreased their positions and 1 new position.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the IJR share count in the aggregate among all of the funds which held IJR at the 12/31/2021 reporting period (out of the 893 we looked at in total). We then compared that number to the sum total of IJR shares those same funds held back at the 09/30/2021 period, to see how the aggregate share count held by hedge funds has moved for IJR. We found that between these two periods, funds increased their holdings by 1,809,138 shares in the aggregate, from 27,127,786 up to 28,936,924 for a share count increase of approximately 6.67%. The overall top three funds holding IJR on 12/31/2021 were:

We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like iShares Trust – Core S&P Small-Cap ETF (Symbol: IJR).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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